Tuesday, Oct 5 to Monday, Oct 11, 2021

Lawmakers extend the short-term debt ceiling

Source: CNBC

  • Senate Majority Leader Chuck Schumer announced that lawmakers have decided to extend the debt ceiling.
  • The short-term debt ceiling will be extended through early December, which will allow the debt limit to increase by $480 billion.
  • As a result of…

Tuesday, Sept 28 to Monday, Oct 4, 2021

Inflation issues will be running through 2022

Source: CNBC

  • Although the current pressures of inflation will eventually ease, according to Fed Chair Jerome Powell, it will most likely persist into 2022.
  • Supply chain issues aren’t improving; in fact, margins are getting worse. Powell sees this continue until 2022.
  • The…

Tuesday, Sept 21 to Monday, Sept 27, 2021

Evergrande, the world’s most indebted real estate developer, is on the edge of collapse

Source: Bloomberg

  • Evergrande, a Chinese real estate developer, currently has over $300 million in liabilities and 1.6 million unfinished pre-sold apartments.
  • Creditors, which include suppliers, banks, foreign investors, and more, have said they have yet to be paid by the developer.
  • The…

Wednesday, May 26 to Tuesday, June 1, 2021

Meatpacking giant JBS hit by Cyberattack

Source: WSJ

  • JBS, the world’s biggest meat company by sales, fell victim to a ransomware attack Tuesday, sending most of its US operations offline. JBS operations in Canada and Australia were affected by the attack as well.
  • JBS says it will most…

Wednesday, May 19 to Tuesday, May 25, 2021

Dutch Court orders Shell to cut emissions

Source: WSJ

  • Friends of the Earth Netherlands, an environmental nonprofit, started and led a civil lawsuit against Shell. The nonprofit alleged Shell failed to meet its own human-rights obligations because their production of oil and natural gas contributed to climate change.
  • Dutch…

Wednesday, May 12 to Tuesday, May 18, 2021

Tesla ceases use of Bitcoin

Source: CNBC

  • Tesla will no longer accept Bitcoin as a way to pay for Tesla cars due to rising environmental concerns over the increase in use of fossil fuels for Bitcoin mining.
  • The price of Bitcoin decreased as soon as Elon Musk…

A cyberattack forces the shutdown of Colonial Pipeline

Sources: NY Times, CNBC, WSJ

  • Colonial Pipeline, one of the country’s largest gasoline and jet fuel pipelines, shut down 5,500 miles worth of pipeline. The company is responsible for transporting 2.5 million barrels of gasoline, heating oil, diesel fuel, and jet fuel per day. It provides fuel to airports, too.

Wednesday, April 28 to Tuesday, May 4, 2021

Amazon Q1 Earnings

Source: CNBC

  • Amazon’s stock price increased by more than 3.5% on Thursday, April 29th after company earnings beat the estimates of analysts.
  • Analysts estimated an earnings per share of $9.54 per share and revenue of $104.5B. Amazon reported an earnings per share…

Wednesday, April 21 to Tuesday, April 27, 2021

Apple will be releasing its iOS 14.5 update next week

Sources: Vox, CNN

  • iPhone users will be able to unlock their phones with their face while wearing a mask, enjoy 217 new emojis, and have support for the new AirTag Bluetooth trackers.
  • Update will also include a feature called App Tracking Transparency…

Wednesday, April 14to Tuesday, April 20, 2021

McDonald’s has partnered with K-pop band BTS to launch BTS meal in May

Source: MarketWatch

  • McDonald’s announced its upcoming BTS meal on Monday morning, which will be launched in the US, Canada, parts of the Caribbean, and other countries on May 26
  • The meal will include 10 piece McNuggets with Sweet Chili and Cajun dipping sauces…

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